Explain the functions of RBI.
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Explanation:
Major functions of the RBI are as follows:-
-Issue of Bank Notes: ADVERTISEMENTS: ...
-Banker to Government: ADVERTISEMENTS: ...
-Custodian of Cash Reserves of Commercial Banks: ...
-Custodian of Country's Foreign Currency Reserves: ...
-Lender of Last Resort: ...
-Central Clearance and Accounts Settlement: ...
-Controller of Credit:
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